Accountability Systems

Financial Services Authority Guidance Consultation on Delivering Fair Treatment for Consumers of Financial Services

The Financial Services Authority has published a guidance consultation which sets out the FSA’s expectations of non-executive directors in delivering the appropriate management of retail conduct risk within firms.
Originally Published: 
Tuesday, December 6, 2011

European Commission Consultation Document on a New European Regime for Venture Capital

The European Commission Directorate General Internal Market and Services has published a consultation paper on a new European regime for venture capital which aims to address the two problems that venture capital funds that intend to raise funds and invest on a cross-border basis in the EU are confr
Originally Published: 
Wednesday, June 15, 2011

Speech by Chancellor of the Exchequer on Regulation of the UK Banking and Financial Services Industry

In his speech at the Lord Mayor’s dinner for bankers and merchants of the City of London, the Chancellor of the Exchequer, George Osborne MP, stated that the British economy is concerned with two key issues: (i) what the right culture of regulation is; and (ii) how international rules apply and wher
Originally Published: 
Wednesday, June 15, 2011

CPSS-IOSCO Publishes Final Report on Requirements for OTC Derivatives Data Reporting and Aggregation

The International Organisation of Securities Commissions and the Committee on Payment and Settlement Systems have published a final report on over-the-counter derivatives data that should be collected, stored and disseminated by trade repositories.
Originally Published: 
Tuesday, January 17, 2012

European Securities and Markets Authority Annual Report on the Application of the Credit Rating Agencies Regulation

From 1 July 2011, the European Securities and Markets Authority was given exclusive responsibility for the registration and supervision of credit rating agencies in the EU. ESMA has published its first Annual Report on the Application of the Credit Rating Agencies Regulation.
Originally Published: 
Thursday, January 12, 2012

European Parliament Assessment of the Cumulative Impact of Various Regulatory Initiatives on the European Banking Sector

An assessment concerning the cumulative impact of various regulatory initiatives on the European banking sector was published by the European Parliament’s Economic and Monetary Affairs Committee.
Originally Published: 
Wednesday, October 5, 2011

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